Ravitch writes that the “the transfer of public funds to private management and the creation of thousands of deregulated, unsupervised, and unaccountable schools have opened the public coffers to profiteering, fraud, and exploitation by large and small entrepreneurs.”

The public school system, Ravitch argues, is under attack from corporate interests and Wall Street crusaders seeking to make a buck off the American taxpayer. The reformers, Ravitch writes, are an insurgency in America’s schools, “a deliberate effort to replace public education with a privately managed, free-market system of schooling.”